bankingWe are looking for MTN’s, preferably TOP BANKS for a UK Foundation that can purchase $5B per day or more.  The buyer is available for direct phone call with the seller. (NOTE:  Generally this works best for MTN owners who can send a screen shot of what they own.  It is difficult to deal with allocation holders because they cannot post to Euroclear or send a MT799 without getting something from us that can’t be provided.  But if they can find a way to get it done as our procedures show perhaps we can work with it.  Providing a bank statement or POF won’t be done. Most of the time this only helps the broker obtain an allocation or commitment from the seller. We want to deal bank to bank only as this procedure shows.  If the seller or broker who thinks he has a seller does not accept these buyer procedures 100%, please do not waste our time.  We only want sellers who agree to these procedures and are RWA to proceed.)

FROM THE BUYER’S TRADE DESK

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I just received this from my trade desk on Euroclear. If we get this then Ill put James on the phone only other wise “there is no real seller”

John

We are currently trading so will now only accept paper on the following terms, Corporate invoice, title page, Euroclear print downs with all codes,sellers Euroclear operative pin number to trade screen to screen.

Payment by EFT within 1 hour.

No variance on any of the above.

Trade Desk

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“James” is the buyer signatory and after we receive the above, the seller can speak direct and give trade desk information and close immediately.

The MANDATORY PROCEDURES are as follows:

BUYER FOR MTN’S PROCEDURES 2014

Our preference: unsubordinated DB paper in contract. Paper can be fresh cut, slightly seasoned or mature paper.

We would also consider subordinated as well unsubordinated from DB as well as other recognizable banks. Coupon is mandatory in all instances. Preference of 3 years or more to maturity.

OUR MANDATORY PROCEDURE:

1. SELLER sends a formal offer directly to compliance officer for BUYER. In the offer FULL ACTUAL SELLER INFORMATION MUST BE PROVIDED, as well as specific instrument descriptors. (Euroclear Screen shot) I must have this to start.  It must be complete with TITLE PAGE so we can verify that it is a valid MTN and available.

The offer reference must come directly from the actual seller directly to the buyer’s compliance officer’s Ms. S. Colter, Allied Source. Ltd. at info@iconfalconholdings.com  All offers should be addressed on Letterhead to BUYER via email. Please understand this is not solicitation on your part. WE ARE REQUESTING YOUR ASSISTANCE IN THE PURCHASE OF MEDIUM TERM NOTES.

If required buyer would sign non-solicitation letters.

3. We respond with a CIS and LOI /RWA listing the OFFER WE RECEIVED DIRECTLY FROM THE ACTUAL SELLER, if the seller requires. Where applicable we are happy to engage with a simple P.O. and Basic CIS to insure correct addressing of invoices and correspondence. As mentioned above, we proceed only DESK-TO-DESK. Our proof of funds and performance is provided via standard Euroclear trade and settlement in full compliance with Basel III standards.

4. SELLER sends a corporate invoice with euro clear printout with title page for each instrument, and countersigned LOI/RWA and all needed codes.

5. Our desk contacts SELLERS desk with a buy ticket and the codes.

6. SELLER responds from SELLERS desk, and the desks engage the trade.

7. We clear through Euroclear via our desk with your desk exclusively.

END OF PROCEDURE

 WE ALSO HAVE A SECOND BUYER WITH THE FOLLOWING PROCEDURE

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#1. If a seller/owner has the MTN to be purchased……….they have to send the copy of the MTN not more than 3 days old, plus the Euroclear pages along with a FCO and ATV to the Buyer FIRST on the letterhead of the seller

Can you provide these:

1. A title page
2. Custodial account
3. Desk officer or bank officer

Those three things will close a transaction on two hours

#2. The Buyer will respond with a MOU and request certain documents like screen shot, etc

The transaction closes in a matter of one to two hours once the desk officer details of the seller is available to work with the desk officer of the buyer

The MTN purchase should not take more than two hours when ALL documents are in line

That is strictly for an outright purchase

No upfront fees……this is DVP…..which is delivery versus payment. The seller delivers and the buyer pays immediately

Now if you want an instrument monetize, the procedures are different

It is just that simple

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Note: Simultaneously if we are paying commissions, they would come out of the desk… while we are settling.

Note: We have these specific procedures and are not flexible as to procedure. We are a cash buyer. We are the actual principal.

We work very closely with our legal department in London. All documents must be fully compliant.  Please be aware the legal department aggressively pursues all fraud cases and fraud paper.  We clear DVP Euroclear screen shot standard Procedures, title pages, corporate invoice and clearing procedures via our desk.

We are a known trading entity and our proof of funds and performance is provided via Euroclear DVP trade and settlement procedure and can close in one hour in this manner: Buy ticket to seller’s desk within 1 hour of clearance by compliance determination of the Corporate Invoice, Euroclear Printouts and Title page from seller.

A BUY ticket cannot be done without cash available. Only a Buy ticket is proof positive of Funds and Performance on both sides, when executed in response to the Seller’s Corporate Invoice, Euroclear Printout and Title page. No other procedure is acceptable.

Though our procedures are mandatory, we remain flexible as to pricing and schedule.

LIST OF UNACCEPTABLE PROCEDURES:

1. ATV, BANK COMFORT LETTERS, MT 799, MT 760, ICPO OR ANY OTHER POF UNDER SOME OTHER NAME.

2. ANY PROCEDURE OTHER THAN DESK-TO-DESK DVP.

3. ANY ATTEMPT TO MAKE AS A PREREQUISITE TO CORPORATE INVOICE, EUROCLEAR PRINTOUT AND TITLE PAGE, SUCH AS ADVANCED FEES, BANKING FEES, SERVICE CHARGES OR ANY FEES UNDER DISGUISE.

4. REQUESTING LOI, CIS ETC TO BE ROUTED VIA A BROKER CHAIN

5. LOI AND ETC SENT TO UNKNOWN MYSTERY SELLERS FOR UNKNOWN MYSTERY PAPER

NOTE:

Funds delivered for purchase of MTN’s through EUROCLEAR are done via EFT/MT103 which goes directly to seller’s designated bank account. The charges are paid by the buyer not the seller.

IF seller does not have MTN(s) mounted on EC but they wish to do so:

Two methods are possible:

1) Bank can mount MTN on EC. No charge upfront to seller. The bank fees would be paid out of settlement when seller sells the MTN.

OR

2) Seller pays for the fee. Fee would be added to corporate invoice. (Buyer does not pay for it upfront) It generally only takes 30 minutes to get mounted on EC.

A WORD TO ALL SELLERS WHO WANT POF OR CIS ON THE BUYER

Here is something that any seller in the world should consider.  So let’s look at it this way.  Banks have various levels of bank officers that can sign for different levels of  responsibility in dollar amount.  If a guy can sign for $100M that is good, $500M is better, $10B is better, $100B even better, and $1 to $5T is optimum.  If you were to speak with any one of those would their word suffice that they can move the amount for which they are entrusted?  OF COURSE!  If their word is not trustworthy they just lost their position which took years to get.  Now, what about the signatory for a FOUNDATION/SOVEREIGN who says that they have $20B loaded on Euroclear.  Would you not accept his word just as strongly as any bank officer or any BCL or Tear Sheet.  What we are offering is a chance for the seller to speak with the man who has the authority to sign for $5B multiple times per day.  That should be far better than any POF, CIS, or any other form of proof.  If he tells you he can and then you find out he can’t he can be reported to the authorities and arrested.  Here on our site is a statement that he would be committing a FEDERAL CRIME if he stated he could sign for so much and it turned out to be a lie – http://bayareabusinesscenter.com/icc-warning/

 

YES, I WOULD BELIEVE THE GUY WHO A SOVEREIGN HAS ENTRUSTED WITH BILLIONS OF DOLLARS TO BUY MTN’S, GOLD, AND CURRENCY EVERY HOUR, EVERY DAY, EVERY MONTH, AND EVERY YEAR.  That is what we have here.  He is not just a guy off the street making claims but he is a person with a position of authority like a banker who has the responsibility of signing for billions and trillions of dollars.  No one needs anything more than that, EVER!

Also, we will buy BG’s from top banks with the procedure here provided by the buyer:

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Must be  Bank Officer to Bank Officer, seller goes first with sending pre-advise 799 or 199, buyer’s banker answers back with Letter of Undertaking, sellers Bankers then sends BG MT760 to buyers Banker and we pay MT103.  BG (hardcopy) is then delivered within 7 business days.  We will email direct to seller directly for intro for non-solicitation issues and also is available for conferences only to the signatory seller.

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Since we are direct to buyer with no brokers we cannot do business unless we can speak to the seller.  Buyer is on Skype so if you contact us on Skype at babusinesscenter, we can instantly connect you to the buyer.

Here are documents that our buyer has provided:

Our Buyer MTN Procedures 2014:

Explanation of Euroclear:

DVP as in EC Delivery Versus Payment:

MTN’s Business Rules:

Sample Clearstream Screen Print (This one is missing the title page information – 3 pages) so it is only 16 pages.  We need the whole thing, 19 pages,  with owner information too.  Euroclear would be a JPEG rather than PDF like this one.  We need the SCREEN PRINT – JPEG with name of owner/seller TITLE PAGE.

The document that was in this position was not ours and was passed to us through the broker network.  We put it here only as an example of what NOT TO DO in these types of transactions.  This has been removed because it was reported to be under investigation and it is a clear example of how these get blasted all over the internet by brokers and also why we wish to deal desk to desk and bank to bank.  We strongly advise anyone that is passing around these types of copies through the broker network to realize that this information is proprietary and the very reason we choose to have the procedures outlined on this site.  We actually had it here only to show how NOT to use this information and that pages were missing that are required in a legitimate transaction.  Please heed the warnings that we have on this site. 

 

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